Hey i would be obliged if someone could tell me as to whether State bank and is subsidiaries are coming under nationalised banks or Public sector bank. I know it governed by state bank act. Please can you also provide me the audit report format to be used for the same and also let me know whether 143(3)(i) will be applicable.
1 Replies
mohammad rasool baig
(Management Consultant)
(1026 Points)
Replied 01 May 2016
SBI is a public sector bank as per Indian bank association information.
If your query is relating to the companies act then it will be applicable only such provision is not available in RBI Act, banking regulation Act & SBI Acts does not contain the same.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
